601 4th Ave NEEast Grand ForksMN56721
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in East Grand Forks at 601 4th Ave NE, East Grand Forks, MN, 56721 uses $77,903 cash to close to unlock $2,481/yr annual cash flow and $207/mo monthly cash flow. Total monthly income runs $1,674/mo, and a $1,150/mo payment keeps the spread at $207/mo. Purchase price stands at $235,000, and rental yield measures 8.55% with $1,674/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 120% and total cumulative return in cash records $93,484. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,674/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1955
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56721, East Grand Forks, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,416 (100%) |
| Owner Occupied HU | 2,823 (63.9%) |
| Renter Occupied HU | 1,263 (28.6%) |
| Vacant Housing Units | 330 ( 7.5%) |
| Median Home Value | $272,630 |
| Average Home Value | $302,999 |
Housing Distribution
Address Breakdown
Residential
4,326
Single Family
3,417
Multi-Family
909
Businesses
329
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